Overview

• Bessent said on X that the U.S. is fully prepared to do whatever is necessary and reported a positive call with Economy Minister Luis Caputo, adding he expects Caputo’s team in Washington soon.
• He told CNBC the plan under discussion is a currency swap rather than direct cash, and he voiced political backing for Javier Milei’s program ahead of this month’s legislative vote.
• Argentina’s central bank sold dollars for a third straight session, including more than $450 million on Wednesday, after the peso fell over 6% on Tuesday despite earlier interventions.
• The IMF welcomed support efforts by Argentina’s partners and stressed the need for a firm fiscal anchor, consistent monetary policy, and an exchange‑rate framework to rebuild reserves.
• Domestic pushback in the U.S. from Democratic senators and soybean producers complicates potential assistance, and a government shutdown has added short‑term uncertainty to any deal.